Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No
Lot Size: 0.05 Acres

Financials

Price:$7,500,000
Annual Taxes:$167,783
505 Park Ave, New York, NY 10022
Listing Courtesy of Winzone Realty Inc

Description

This mixed-use building in the Lenox Hill neighborhood in Manhattan. Featuring 16 studio condos and 2 ground-floor retail stores. 16 residential units are fully leased with 14 newly renovated. 2 retail spaces occupied by stable commercial. Consistent rental income of $560k annually. It situated in one of NYC's dynamic neighborhoods, with high foot traffic and accessibility to public transportation, fine dining, shopping, and cultural landmarks such as Central Park and the Metropolitan Museum of Art. 1FL: Restaurant. 1FL: Beauty Nail Spa. 2FL: 4 studio. 3FL: 4 studio. 4FL: 4 studio. 5FL : 4 studio. Bsmt: Storage & boiler room.

This mixed use building in the Lenox Hill neighborhood in Manhattan.


    Long Island MLS

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.